The Board of Directors of MSM Malaysia Holdings Berhad (“MSM” or “Company”) wishes to announce that the Board has approved the following changes in respect of the Board Committees of the Company effective from 10 June 2020 :

(I) Merger of the Audit Committee and Board Governance & Risk Management Committee into one Board Committee and renamed as the Audit, Governance and Risk Committee

The rational of the merger of the two (2) Board Committees is to promote integrated assurance and improve the effectiveness of the Board Committee in discharging its duties and responsibilities.

The composition of the Audit, Governance and Risk Committee is as follows:

1. Mr. Choy Khai Choon - Chairman, Independent Non-Executive Director ("INED")
2. Dato' Muthanna Abdullah - Member, INED
3. Dato' Rosini Abd Samad - Member, INED
4. Datuk Lim Thean Shiang - Member, INED

(II) Establishment of a new Board Committee known as the Investment and Tender Committee effective from 10 June 2020

The rationale for the establishment of the Investment and Tender Committee is to assist the Board in fulfilling the Board’s statutory and fiduciary responsibilities in relation to the review of significant procurements as well as review of the Company’s progress and performance of its existing and future significant investments.

The composition of the Investment and Tender Committee is as follows:

1. Datuk Dr Abd Hapiz Abdullah - Chairman, Independent Non-Executive Director ("INED")
2. Mr. Choy Khai Choon - Member, INED
3. Datuk Lim Thean Shiang - Member, INED
4. Dato' Haris Fadzilah Hassan - Member, Non-Independent Non-Executive Director

This announcement is dated 10 June 2020.